One of the top cement producers in both India and the entire world is UltraTech Cement. Its headquarters are in Mumbai, Maharashtra, and it is a division of the Aditya Birla Group. Ordinary Portland Cement, Portland Blast Furnace Slag Cement, and Portland Pozzolana Cement are just a few of the many products offered by UltraTech Cement. The business is renowned for its dedication to sustainability and has taken a number of steps to lessen its negative effects on the environment, such as using alternative energies and creating eco-friendly products. UltraTech Cement has established itself as a reputable brand in the construction sector and is making a substantial contribution to the expansion of India’s infrastructure thanks to its strong emphasis on innovation and quality.
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ULTRATECH IN RECENT NEWS
- UltraTech Cement’s net sales reached an impressive Rs 63,239.98 crore, showcasing a remarkable year-on-year growth of 20.23%.
- UltraTech Cement reached a record high and saw a 2% gain due to robust sales volume in the first quarter.
- UltraTech Cement Ltd, the nation’s leading cement producer, revealed that its wholly-owned subsidiary, UltraTech Nathdwara Cement Ltd (UNCL), has inaugurated a new 0.8 MTPA brownfield cement plant in Neem Ka Thana, Rajasthan.
HOW TO BUY ULTRATECH SHARES?
The following trading platforms offer the option to purchase Ultratech Cement shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
ULTRATECH SHARE PRICE TARGET 2023
| ULTRATECH CEMENT SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| August 2023 | ₹8,25511 | ₹7,657.23 |
| September 2023 | ₹9,680.91 | ₹8,461.47 |
| October 2023 | ₹10,476.11 | ₹8,058.54 |
| November 2023 | ₹11,523.72 | ₹8,864.40 |
| December 2023 | ₹12,906.56 | ₹9,928.13 |
It is evident that the company’s share prices are expected to show a bullish uptrend throughout the year. The table shows that the minimum and maximum prices for the shares are expected to increase steadily from August 2023 to December 2023. The growth percentage is expected to be around X%, which indicates that the company’s shares will experience a significant increase in value. Investors can take advantage of this bullish trend and invest in UltraTech Cement’s shares to reap profitable returns. The company’s strong focus on sustainability and innovation, along with its strategic investments in infrastructure, are expected to drive growth and positively impact the share prices in the long term. In conclusion, UltraTech Cement’s share price target for 2023 looks promising, and investors can expect to benefit from the expected growth in the company’s share value.
ULTRATECH CEMENT SHARE PRICE TARGET 2024
| ULTRATECH CEMENT SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹13,585.86 | ₹10,234.45 |
| February 2024 | ₹15,265.01 | ₹12,720.84 |
| March 2024 | ₹16,068.43 | ₹13,063.76 |
| April 2024 | ₹14,607.66 | ₹11,236.66 |
| May 2024 | ₹12,173.05 | ₹9,363.89 |
| June 2024 | ₹14,607.66 | ₹11,236.66 |
| July 2024 | ₹12,416.51 | ₹9,625.20 |
| August 2024 | ₹13,658.17 | ₹10,839.81 |
| September 2024 | ₹14,341.07 | ₹11,031.59 |
| October 2024 | ₹16,871.85 | ₹12,978.35 |
| November 2024 | ₹17,715.44 | ₹13,627.26 |
| December 2024 | ₹18,069.75 | ₹13,899.81 |
UltraTech Cement’s share price prediction for 2024 indicates that the company’s shares are expected to continue on a positive growth trajectory. The maximum and minimum share price targets for 2024 are ₹18,069.75 and ₹10,234.45 respectively. The table shows that the minimum and maximum share prices are expected to rise steadily from January 2024 to December 2024. The company’s strong fundamentals, coupled with its focus on sustainability and innovation, are expected to drive growth and positively impact share prices in the long term. Investors can take advantage of this expected growth and invest in UltraTech Cement’s shares to benefit from potential profitable returns.
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ULTRATECH CEMENT SHARE PRICE TARGET 2025
| ULTRATECH CEMENT SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹18,431.15 | ₹14,177.81 |
| February 2025 | ₹19,401.21 | ₹14,924.01 |
| March 2025 | ₹20,371.27 | ₹15,670.21 |
| April 2025 | ₹18,188.63 | ₹13,991.26 |
| May 2025 | ₹16,535.12 | ₹12,719.32 |
| June 2025 | ₹18,188.63 | ₹13,991.26 |
| July 2025 | ₹17,322.51 | ₹13,325.01 |
| August 2025 | ₹18,044.28 | ₹13,880.21 |
| September 2025 | ₹18,946.49 | ₹14,574.22 |
| October 2025 | ₹20,083.28 | ₹15,448.68 |
| November 2025 | ₹21,489.11 | ₹16,530.09 |
| December 2025 | ₹21,918.89 | ₹16,860.69 |
The maximum and minimum share price targets for 2025 are ₹21,918.89 and ₹12,719.32, respectively. The table shows that the minimum and maximum share prices are expected to rise steadily from January 2025 to December 2025. This expected growth can be attributed to the company’s strong fundamentals, sustained focus on sustainability and innovation, and the growth potential of the cement industry in India. UltraTech Cement’s proactive expansion strategy, coupled with its robust financial position, is expected to drive growth and positively impact share prices in the long term. Investors can take advantage of this expected growth and invest in UltraTech Cement’s shares to benefit from potential profitable returns.
ULTRATECH CEMENT SHARE PRICE TARGET 2026 TO 2030
| ULTRATECH CEMENT SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹15,343.23 | ₹10,740.26 |
| 2027 | ₹13,041.74 | ₹9,129.22 |
| 2028 | ₹23,475.13 | ₹16,432.59 |
| 2029 | ₹48,221.57 | ₹33,755.10 |
| 2030 | ₹53,701.29 | ₹37,590.90 |
UltraTech Cement share price has been bullish for the past few years, and the trend is expected to continue in the future. According to the data, the share price target for UltraTech Cement in 2026 is expected to be between ₹15,343.23 and ₹10,740.26. In 2027, the share price target is likely to range between ₹13,041.74 and ₹9,129.22. In 2028, the share price target is expected to surge to a maximum of ₹23,475.13 and a minimum of ₹16,432.59. The year 2029 is expected to see an even higher increase, with a maximum share price target of ₹48,221.57 and a minimum of ₹33,755.10. The bullish trend is expected to continue in 2030, with a maximum share price target of ₹53,701.29 and a minimum of ₹37,590.90. It is important to note that the predicted share prices are subject to change depending on various market and economic factors.
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FINANCIAL STRENGTH OF ULTRATECH CEMENT (2019 TO 2023)
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales +(Rs crore) | 41,462 | 42,430 | 44,726 | 52,599 | 63,240 |
| Expenses +(Rs crore) | 34,115 | 33,184 | 33,158 | 41,084 | 52,620 |
| Operating Profit(Rs crore) | 7,347 | 9,246 | 11,568 | 11,514 | 10,620 |
| OPM % | 18% | 22% | 26% | 22% | 17% |
| Other Income +(Rs crore) | 350 | 651 | 619 | 669 | 507 |
| Interest(Rs crore) | 1,778 | 1,992 | 1,486 | 945 | 823 |
| Depreciation(Rs crore) | 2,451 | 2,723 | 2,700 | 2,715 | 2,888 |
| Profit before tax(Rs crore) | 3,468 | 5,183 | 8,001 | 8,524 | 7,416 |
| Tax % | 31% | -11% | 32% | 14% | 32% |
| Net Profit +(Rs crore) | 2,400 | 5,751 | 5,462 | 7,334 | 5,073 |
| EPS in Rs | 87.51 | 199.40 | 189.26 | 254.42 | 175.41 |
| Dividend Payout % | 13% | 7% | 20% | 15% | 22% |
The financial data presented in the table reveals several significant trends and highlights key points about the company’s performance over the past five years. Notably, the company has demonstrated steady revenue growth, with sales rising from Rs. 41,462 million in March 2019 to Rs. 63,240 million in March 2023. This consistent growth underscores the company’s ability to attract and retain customers, contributing to its top-line success.
Despite facing increasing expenses, the company has managed to maintain a commendable operating profit margin (OPM %) ranging from 17% to 26% during the period under review. This indicates effective cost management and operational efficiency, enabling the company to sustain profitability.
On the financial side, the company’s interest expenses have shown a declining trend, reaching Rs. 823 million in March 2023, potentially reflecting better management of debt and interest-bearing liabilities. However, depreciation expenses have been on the rise, reaching Rs. 2,942 million in the same period. This upward trend may indicate the company’s investments in fixed assets or technology upgrades to support its growth plans.
While the company’s profitability and earnings per share (EPS) have exhibited growth, the net profit experienced slight fluctuations, reaching a peak of Rs. 7,334 million in March 2022 and settling at Rs. 5,073 million in March 2023. Additionally, the dividend payout ratio has varied between 7% and 22% over the years, reflecting the company’s approach to reinvesting profits for future growth versus returning them to shareholders.
In conclusion, the company has demonstrated consistent revenue growth and effective cost management, which have been instrumental in maintaining a healthy operating profit margin. To sustain its growth trajectory and profitability, the company should focus on optimizing expenses and analyzing the drivers behind fluctuations in other income and tax rates. Additionally, prudent financial planning and strategic decision-making will be crucial as the company moves forward.
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FAQ’s
The maximum share price target of UltraTech Cement in 2028 is Rs. 23475.23
The maximum share price target of UltraTech Cement in 2029 is Rs. 48221.57
The maximum share price target of UltraTech Cement in 2030 is Rs. 53701.29
ULTRATECH CEMENT SHARE PRICE TARGET BY EXPERTS:
- Sharekhan suggests purchasing UltraTech Cement with a target price of Rs. 9400 (July 3, 2023).
- Motilal Oswal advises investors to buy Ultratech Cement shares, projecting a target price of Rs. 8600.(May 12,2023)
- Geojit recommends buying Ultratech Cement shares with a predicted price of Rs. 8760.(May 7,2023)
- ICICI Direct has a buy call on UltraTech Cement, with a target price of Rs. 7489.(Apil 26, 2023)
POINTS TO REMEMBER WHILE INVESTING IN ULTRATECH CEMENT LTD SHARES:
– The company has sustained a healthy dividend payout of 18.7% over the last few years.
– The stock is currently trading at a valuation of 4.38 times its book value.
– However, the company’s return on equity (ROE) has been modest, at 12.6% over the past three years.
CONCLUSION: ULTRATECH CEMENT LTD
According to the financial accounts over the previous five years, UltraTech Cement’s sales and profit numbers have consistently increased. The company’s PAT has increased by an average of 25.2% annually while its sales has increased by an average of 12.5% annually. Also, UltraTech Cement has consistently maintained a positive profit margin, demonstrating the effectiveness with which the business manages its costs. It is crucial to remember that the company’s growth rates have fluctuated over the years, which may be linked to a number of internal and external factors.
All things considered, UltraTech Cement seems to be a solid investment choice for individuals who are prepared to view the market over the long run.
Based on the views of different experts, UltraTech Cement Ltd’s performance seems promising. Sharekhan, Motilal Oswal, and Geojit have all recommended buying the stock, with target prices ranging from Rs. 8600 to Rs. 9400. Additionally, the company has maintained a healthy dividend payout of 18.7%, indicating a commitment to rewarding shareholders. However, the low return on equity (ROE) of 12.6% over the past three years is a point of concern. Overall, UltraTech Cement’s performance appears positive, but investors should carefully consider the factors affecting ROE before making investment decisions.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.